Historical month-by-month and year-by-year returns
Based on 47 calendar years of monthly closes, starting 1980.
| Month | Average | Median | % Positive | Best | Worst |
|---|---|---|---|---|---|
| January | +1.6% | +2.6% | 54% | +16.8% | −16.0% |
| February | +0.9% | +1.0% | 54% | +13.5% | −14.9% |
| March | −0.3% | −0.8% | 46% | +20.6% | −15.0% |
| April | +1.1% | +2.5% | 64% | +18.3% | −22.5% |
| May | +3.1% | +1.9% | 60% | +28.8% | −10.9% |
| June | +1.4% | +2.6% | 60% | +20.1% | −18.4% |
| July | +0.5% | +1.0% | 55% | +14.3% | −24.5% |
| August | +0.8% | +1.9% | 56% | +27.3% | −17.5% |
| September | +0.6% | −1.5% | 48% | +24.3% | −19.0% |
| October | +0.6% | +3.0% | 57% | +34.1% | −23.9% |
| November | +2.9% | +1.6% | 54% | +28.2% | −12.0% |
| December | +3.6% | +4.0% | 67% | +20.8% | −13.1% |
| Year | Return |
|---|---|
| 2025 | −20.4% |
| 2024 | −14.4% |
| 2023 | +25.4% |
| 2022 | −30.5% |
| 2021 | −4.0% |
| 2020 | +16.5% |
| 2019 | +32.1% |
| 2018 | −15.0% |
| 2017 | +16.0% |
| 2016 | +22.4% |
| 2015 | −2.7% |
| 2014 | +11.6% |
| 2013 | +39.1% |
| 2012 | +57.6% |
| 2011 | +7.9% |
| 2010 | +30.3% |
| 2009 | −0.1% |
| 2008 | −7.6% |
| 2007 | −35.3% |
| 2006 | +63.3% |
| 2005 | −22.1% |
| 2004 | +1.5% |
| 2003 | +39.1% |
| 2002 | −34.5% |
| 2001 | −12.9% |
| 2000 | −13.7% |
| 1999 | +66.7% |
| 1998 | +80.2% |
| 1997 | +80.9% |
| 1996 | 0.0% |
| 1995 | +14.6% |
| 1994 | −36.6% |
| 1993 | +87.7% |
| 1992 | +15.7% |
| 1991 | +27.6% |
| 1990 | −21.6% |
| 1989 | +50.0% |
| 1988 | +2.0% |
| 1987 | +43.8% |
| 1986 | +14.8% |
| 1985 | +66.8% |
| 1984 | +28.5% |
| 1983 | +34.3% |
| 1982 | +29.6% |
| 1981 | +1.2% |
These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.